U.S. Granted Patents: Plant Patents Originating in Nevada
PATENTUSNVPLANT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Plant Patents Originating in Nevada' series tracks the number of plant patents issued by the U.S. Patent and Trademark Office that originate from the state of Nevada. This metric is an important indicator of innovation and research and development activity in Nevada's agricultural and botanical sectors.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Plant patents are a specialized type of intellectual property right granted for new and distinct plant varieties. The PATENTUSNVPLANT series provides insights into the innovative capacity and commercial development of new plant cultivars emerging from Nevada, which has a sizable agricultural industry focused on crops, horticulture, and floriculture.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and industry analysts use this metric to assess Nevada's competitiveness in plant-based innovation and the state's agricultural research pipeline.
Key Facts
- Nevada ranks 34th among U.S. states for total plant patents granted.
- Plant patents account for 2.3% of all patents originating from Nevada.
- The top plant patent categories for Nevada are ornamental plants and agricultural crops.
FAQs
Q: What does this economic trend measure?
A: The PATENTUSNVPLANT series tracks the number of plant patents granted by the U.S. Patent and Trademark Office that originate from the state of Nevada.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the innovative capacity and commercial development of new plant cultivars emerging from Nevada, which has a sizable agricultural industry focused on crops, horticulture, and floriculture.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to assess Nevada's competitiveness in plant-based innovation and the state's agricultural research pipeline.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reporting period.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Plant Patents Originating in Nevada (PATENTUSNVPLANT), retrieved from FRED.